Barclays (LON:BARC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Barclays PLC (LON:BARC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 235.76 ($2.92) and traded as high as GBX 268.15 ($3.32). Barclays shares last traded at GBX 268.15 ($3.32), with a volume of 9,253,079 shares traded.

Wall Street Analyst Weigh In

BARC has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 350 ($4.33) target price on shares of Barclays in a report on Wednesday, December 11th. Shore Capital reaffirmed a “buy” rating on shares of Barclays in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 292 ($3.61).

Barclays Stock Performance

The company has a market cap of £38.66 billion, a P/E ratio of 1,024.81, a P/E/G ratio of 1.15 and a beta of 1.36. The stock has a 50-day moving average of GBX 258.99 and a two-hundred day moving average of GBX 235.98.

Insider Activity

In related news, insider Brian Gilvary sold 109,404 shares of Barclays stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 249 ($3.08), for a total value of £272,415.96 ($337,190.20). Also, insider Anna Cross sold 40,197 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of GBX 270 ($3.34), for a total transaction of £108,531.90 ($134,338.28). Insiders own 1.47% of the company’s stock.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.